Egypt cbank to ask for LE 14 bln in repos
CAIRO: Egypt's central bank said it would ask for LE 14 billion ($2.32 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75…
COLUMN: Goldman’s sukuk: Is the criticism fair?
By Asim Khan Goldman Sachs' maiden foray into capital-raising utilizing sharia-compliant mechanisms has understandably generated a lot of interest. However, as in the case of some other conventional banks before it,…
Orascom completes demerger, returns to bourse
CAIRO: Orascom Telecom completed its demerger Tuesday and returned to the Egyptian Stock Exchange (EGX) after having its trading on the bourse suspended since Nov. 24. According to EGX listed…
Egyptians vote in final phase of landmark polls
SHARM EL-SHEIKH: Egyptians were voting on Tuesday in the final round of a landmark post-revolution election that has propelled Islamist movements into the centre stage of politics. Fourteen million eligible…
Crown of sorrow
By Philip Whitfield CAIRO: Ring out the old, ring in the new… ring out the false, ring in the true — Alfred, Lord Tennyson (1850), one of the most beloved poets…
Iran tests missiles near key oil-transit strait
TEHRAN: Iran on Monday tested missiles near the Strait of Hormuz, underlining its threats to close the vital oil-transit channel at the entrance to the Gulf as the West prepares…
Arab League says Syria withdrew tanks from cities
CAIRO: Syria's government has withdrawn heavy weapons from inside cities and freed about 3,500 prisoners but security forces continue to kill protesters even with foreign monitors in the country, the…
Upcoming parliament will seek to end US aid, says FJP
CAIRO: The Muslim Brotherhood's Freedom and Justice Party (FJP) announced Monday that it will seek an end to US aid to Egypt when parliament is seated in January. This announcement…
Third, final round of PA elections kicks off
CAIRO: Around 2,600 candidates will compete over 150 seats in the People’s Assembly elections on Tuesday, in nine governorates during the third and final round of elections of the lower…
Detained blogger ends hunger strike, sent to prison hospital
CAIRO: Detained blogger Maikel Nabil ended Sunday a 130-day hunger strike, as Prosecutor General Abdel Meguid Mahmoud ordered his transfer to Tora Prison Hospital and to investigate alleged violations against…